If you’re reading this, then you already know what NEO is, so I’m not going to give you long descriptions about this cryptocurrency. You’re not interested in that, you’re interested in going shopping for NEO coin. Let’s get to it.
Disclaimer: There are multiple ways you can buy NEO coin, I’m just going to show you ways I prefer and believe is the most comfortable ones to get NEO in your possession.
Start off by Creating an Account on Coinbase
It’s a bummer, I know. You have to buy Bitcoin or Ethereum first before you can actually get NEO coin in your possession. If you don’t know how to create a Coinbase Account, read one of our previous blog posts – How To Get Started With Coinbase
When you have created an account, move forward and buy Bitcoin at Coinbase. If you don’t know how to do that either, you can find it at the same blog post that teaches you how to sign up at Coinbase. ( I suggest buying Bitcoin since it has the highest volume, you can also buy Ethereum, either way, you will be able to exchange them both for NEO coin.)
Next step – Create an Account at Binance.
If you don’t know how to navigate and buy on Binance we have a blog post prepared, just for you – How to Use Binance
We’re halfway there. A couple more steps and you will have NEO coin in your portfolio.
Transfer Your Bitcoin to Binance
Now after you have created an account at Coinbase and bought Bitcoin(or Ethereum) and created an account at Binance. It’s time to transfer all of your Bitcoins to Binance account.
Go to Binance>Funds>Balance find Bitcoin on your list and press Deposit. It will give you your personal address where you need to send your funds from Coinbase. Be careful. If you’ll send it to the wrong address or wallet your funds might be lost forever. Always double check before confirming.
Buy Neo Coin from Binance
Now it’s time to make the order.
Go to Exchange>Advanced and find NEO/BTC
If the price is fine, just submit your Market Order, if you believe the price is going down and you’re willing to wait, submit a Limit Order. That’s it. Now you have successfully bought yourself NEO cryptocurrency.
NEO coin dividends
What you might now is that holding NEO coin gives you GAS.
In other words, it’s a cryptocurrency that helps fuel NEO smart economy. You can read here all about NEO dividends and GAS.
How do you claim GAS? GAS crypto will be automatically added to your Binance account on each month’s second date. You don’t have to claim anything, it will be automatically transferred to your account. Just check your balance at the beginning of the month.
Create a NEO Wallet
Keeping your Crypto on Cryptocurrency Exchanges isn’t very safe. There have been multiple crypto hack cases. If your exchange gets hacked your funds might get stolen, that why it’s much safer to keep your Digital Assets on your private Wallet.
I personally keep my NEO coins on Binance, but if you want to be hundred percent sure about your coins, I would advise you to keep them on your NEO wallet.
Create NEO Wallet – Go to the link, follow each instruction, write down all your passwords and a piece of paper, all your privatekeys, don’t skip anything. If you lose this information you won’t be able to access your wallet anymore.
There’s also an option to keep your NEO coin on offline hardware wallets.
Either way, always make sure that you have clicked on the right links and don’t be a victim of a phishing scheme.
That is how you buy NEO coin – you’re done.
That’s it. You have successfully read the full guide on How To Buy NEO coin. Wasn’t that hard, was it now?
It’s our duty to mention that this is not a financial advice. We take no responsibility for your investments. Investing in cryptocurrency is still considered risky. Don’t invest more than you can afford to lose.
Also, this website is monetized through affiliate links. We will receive a small income if you signup for Binance and Coinbase through our affiliate links.
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